Cantor Fitzgerald Cuts Dycom Industries (NYSE:DY) Price Target to $476.00

Dycom Industries (NYSE:DY) had its price objective trimmed by Cantor Fitzgerald from $654.00 to $476.00 in a report issued on Thursday,Benzinga reports. The firm currently has an overweight rating on the construction company’s stock.

Several other brokerages have also recently issued reports on DY. Wedbush set a $654.00 price objective on Dycom Industries in a research note on Friday, May 29th. KeyCorp upped their target price on Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Wall Street Zen downgraded shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. JPMorgan Chase & Co. raised their price target on shares of Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Finally, Wells Fargo & Company lifted their price objective on shares of Dycom Industries from $500.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $514.00.

Dycom Industries Trading Down 4.2%

NYSE:DY opened at $295.11 on Thursday. The company has a market capitalization of $8.86 billion, a P/E ratio of 26.85, a PEG ratio of 0.52 and a beta of 1.54. The company has a current ratio of 2.35, a quick ratio of 2.46 and a debt-to-equity ratio of 1.35. Dycom Industries has a 12 month low of $242.55 and a 12 month high of $566.47. The firm has a fifty day simple moving average of $418.01 and a 200-day simple moving average of $413.73.

Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, August 26th. The construction company reported $5.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.72 by $0.57. Dycom Industries had a return on equity of 25.30% and a net margin of 4.79%.The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the business posted $3.33 EPS. The firm’s quarterly revenue was up 45.6% on a year-over-year basis. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. On average, equities research analysts anticipate that Dycom Industries will post 15.44 earnings per share for the current year.

Dycom Industries announced that its board has approved a stock repurchase program on Wednesday, August 26th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 1.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp boosted its position in Dycom Industries by 4,626.1% in the 1st quarter. Jones Financial Companies Lllp now owns 2,174 shares of the construction company’s stock worth $331,000 after purchasing an additional 2,128 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Dycom Industries by 7.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 69,726 shares of the construction company’s stock valued at $10,622,000 after purchasing an additional 4,985 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Dycom Industries by 7.0% in the 2nd quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock valued at $55,508,000 after purchasing an additional 14,891 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Dycom Industries by 73.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after purchasing an additional 68 shares during the period. Finally, Cerity Partners LLC boosted its holdings in Dycom Industries by 8.9% during the second quarter. Cerity Partners LLC now owns 2,239 shares of the construction company’s stock worth $547,000 after buying an additional 183 shares in the last quarter. 98.33% of the stock is owned by institutional investors and hedge funds.

Dycom Industries News Roundup

Here are the key news stories impacting Dycom Industries this week:

• Positive Sentiment: Dycom reported second-quarter earnings of $5.29 per share, above the $4.72 consensus estimate, while revenue reached approximately $2.01 billion versus expectations of $1.98 billion. Revenue increased 45.6% year over year, supported by communications infrastructure and digital-infrastructure demand. Dycom Industries beats Q2 forecasts as digital infrastructure demand accelerates
• Positive Sentiment: Management raised its fiscal 2027 revenue outlook, citing continued strength in fiber, data-center connectivity and Building Systems. These trends point to a multiyear opportunity from fiber-network expansion and AI-related infrastructure spending. DY Q2 Earnings Call Focuses on Fiber Demand and Higher Outlook
• Positive Sentiment: The board authorized a $150 million share-repurchase program, equivalent to as much as 1.4% of outstanding shares. The authorization may support per-share results and signals that management believes the stock is undervalued. Stock Buyback Program Declared by Dycom Industries
• Neutral Sentiment: JPMorgan, UBS, Wells Fargo, KeyCorp and Cantor Fitzgerald lowered their price targets following the earnings report but retained bullish ratings, including “overweight” or “buy.” The target cuts reflect reduced near-term assumptions rather than a broadly negative long-term view.
• Negative Sentiment: The main pressure is fiscal third-quarter EPS guidance of $4.33 to $4.79, which is below analyst expectations. Investors are also concerned about a $150 million wireless-revenue deferral, helping explain why the strong quarterly beat has not translated into positive stock performance. Why Dycom Industries Stock Is Plummeting This Week

Dycom Industries Company Profile

Dycom Industries, Inc (NYSE: DY) is a leading provider of specialty contracting services to the telecommunications industry in North America. The company delivers engineering, construction, installation and maintenance solutions for communications infrastructure, supporting a broad range of network technologies and system architectures. Dycom’s services span outside plant construction, cable placement, fiber optic deployment, wireless and wireline network engineering, as well as testing and turn-up services for voice, data and video applications.

Dycom’s customer base includes major telecommunications carriers, cable operators, utility companies and competitive local exchange carriers.